Own goal: StubHub drops 10% as World Cup ticket issues eliminate profit surge
StubHub’s stock took a nosedive of over 10% on Thursday, following a problematic World Cup partnership. This led to a total loss for the company in its quarterly profits, leaving customers who had purchased tickets stuck outside stadiums, prompting numerous media reports and legal actions. In its latest earnings statement released on Wednesday, the prominent […]
Midday stock movements: Netflix, Super Micro Computer, Sandisk, StubHub and others
Intraday Trading Highlights Several companies are making waves in today’s intraday trading. First up, Netflix saw its stock spike by over 3% after Bill Ackman’s Pershing Square announced a new investment. This marks a return for Ackman, who had previously invested in Netflix back in early 2022 but sold his position just three months later. […]
Stocks with the largest changes before the market opens: Tapestry, Yeti, Bullish, StubHub, Cerebras, and others.
Pre-Market Trading Highlights Here’s a look at some notable movements in pre-market trading: Tapestry — The parent company of brands like Kate Spade and Coach saw its shares drop by 7% following an unsatisfactory fiscal fourth quarter. Tapestry reported earnings of $1.32 per share on revenues of $1.88 billion. Earnings beat the FactSet consensus of […]
The CEO of StubHub is assisting in financing the largest ticket resellers.
Despite advancements in technology and a growing market for resale tickets, obtaining tickets to sporting events has become increasingly difficult. Scalpers have taken over online platforms, leading to quick sellouts of popular events and forcing local fans to either miss out or pay inflated prices, driven by a fear of losing their chance. A recent […]
89-year-old Mexico supporter unable to attend first World Cup match due to $6K StubHub ticket issue
An 89-year-old man from San Diego had his lifelong dream of attending a FIFA World Cup game turn into a $6,000 disappointment right at the stadium entrance. Paola Hernandez, 26, shared with the California Post how thrilled her grandfather, Chico Mendez, was to see his favorite Mexican national team compete against South Korea on Thursday. […]
Tuesday’s top analyst recommendations: Nvidia, Tesla, Micron, Costco, StubHub, Broadcom, CrowdStrike, and others
Wall Street Updates Here’s a look at the latest from Wall Street: Citigroup has reaffirmed its interest in acquiring Micron Technology and has raised its price target for Micron stock from $425 to $840. The bank anticipates that Micron will increase DRAM prices by around 40% in the second quarter, following Samsung’s significant 100% price […]
StubHub to distribute $10M settlement — discover who qualifies
StubHub to Pay $10 Million in Settlement Over Deceptive Fees StubHub has agreed to a $10 million settlement for ticket buyers who were affected by unfair and misleading fees, according to a recent announcement from the Federal Trade Commission (FTC). On April 9, the FTC revealed that StubHub, the largest ticket resale platform in the […]
Midday stock movements: Whirlpool, Topgolf Callaway, Nvidia, Stubhub and others
Market Movements Update Here’s a look at some companies making significant moves today: Scholar Rock — This Cambridge, Massachusetts-based biotech firm saw its stock jump by 23% following a positive meeting with the FDA regarding its spinal muscular atrophy treatment, apitegroumab. There were also representatives from Novo Nordisk’s Catalent Indiana during the discussion, who noted […]
StubHub struggles during its first day of trading on Wall Street
StubHub’s Wall Street Debut NEW YORK – StubHub’s entry into the stock market on Wednesday wasn’t exactly what investors had hoped for. Shares of the ticket marketplace dropped by 6.4% from their initial offering price of $23.50 on the very first day of trading. The company, which is now listed on the New York Stock […]
StubHub expands footprint at WTC, scoops up shrinking Spotify’s space
Spotify needed less space at the World Trade Center, but StubHub needed more: In a deal that satisfied everyone, including landlord Larry Silverstein, the online live-events marketplace subleased a whopping 103,000 square feet of space from the music streaming company. Savills represented StubHub, which is relocating from its 44,000 square feet at 3 World Trade […]